secwatch.observer — SEC 8-K summary
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Issuer:     ALIGN TECHNOLOGY INC (ALGN)
CIK:        0001097149
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001097149-23-000087
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Align Technology announces $100M open market stock repurchase; CEO to buy $1M personally
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- $100M open market repurchase under existing $1.0B buyback program approved Jan 2023.
- Repurchases expected by mid-Dec 2023; funded with cash on hand ($1.3B cash as of Sep 30).
- CEO Joe Hogan personally purchasing $1M of common stock (additional to $1M bought in Oct 2023).
- Company had ~76.6M shares outstanding as of Sep 30, 2023.
- Press release cites record Q3 teenage shipments and confidence in business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000087/0001097149-23-000087-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1097149/000109714923000087/algn-20231103.htm
  HTML page:      https://secwatch.observer/filing/0001097149-23-000087

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer